State whether supply/demand analysis used without significant modification is suitable to assess the following: a. The impact
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a. The impact of an increase in the demand for pencils on the price of pencils.
b. The impact of an increase in the supply of labor on the quantity of labor demanded.
c. The impact of an increase in aggregate savings on aggregate expenditures.
d. The impact of a new method of producing CDs on the price of CDs. LQ8
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a Because the market for pencils is relatively small supplydemand analysis would be ...View the full answer
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